Norway joins the sanctions against Russia

Norway will join the sanctions against Russia, as reported by the Norwegian Ministry of Foreign Affairs

According to the Foreign Minister Børge Brende, Norway will implement the same restrictive measures, as the EU. In particular, it will expand the list of persons and companies whose financial assets in the country will be frozen. With respect to individuals there will also be imposed visa sanctions.

On July 31 the EU imposed sanctions against Sberbank, VTB, “Russian Agricultural Bank”, VEB and “Gazprombank”. EU companies and citizens are prohibited from buying or selling new shares, bonds or similar financial instruments with a maturity of over 90 days. In addition to that, there are restrictions on the supply to Russia of military related goods and equipment for the offshore industry.

“Even after the tragedy of July 17 when a plane Malaysian got shot down, Russia, even though it has changed its behavior, still continued to destabilize the situation in the eastern regions of Ukraine,” – said Brende.

On August 13 the Ministry of Foreign Affairs will open a hotline for questions of the business community on the consequences of future sanctions.